Merger and acquisition activity among insurance broke records in the last two years, becoming the most active years to-date.
In 2019, 649 deals were recorded, which don't include unreported deals. This number is up only slightly from 2018′s 643 recorded deals.
2019 saw $19.9 billion in transactions — a surprising 51% drop from 2018′s record-setting total in 2018.
As annual M&A deals only continue to set new records, agency owners need to know what they stand to gain and lose in selling their business.
To answer those questions and to better understand these shifting trends in M&A in 2020, Insurance Speak sat down with two leading voices in the independent agent space: Dave Tralka and Peter van Aartrijk.
As president and CEO of InsurBanc, a financial institution specializing in insurance agency financing, Dave Tralka has long worked directly with independent agency owners all over the country. Peter van Aartrijk, CEO of Aartrijk marketing agency, is an expert branding and communications strategist in the insurance field and beyond.
In Insurance Speak's latest installment, host Danielle Ling, Aartrijk and Tralka analyze the recent surge in M&A activity in insurance and what this trend means for independent agency owners. In this episode, Tralka and Aartrijk provide insight into M&A operations in 2020 and offer advice for owners in selling — or not selling — their agency.
Listen to the podcast in the media player above, or on our channel, InsuranceSpeak.libsyn.com. Be sure to subscribe to keep up with all the latest content offerings from Insurance Speak.
Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].